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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,750 cash and $33,325 of photography equipment in
Following are the transactions of a new company called Pose-for-Pics.
Aug. | 1 | Madison Harris, the owner, invested $7,750 cash and $33,325 of photography equipment in the company. | ||
2 | The company paid $2,700 cash for an insurance policy covering the next 24 months. | |||
5 | The company purchased office supplies for $1,473 cash. | |||
20 | The company received $2,250 cash in photography fees earned. | |||
31 | The company paid $872 cash for August utilities. |
Prepare general journal entries for the above transactions.
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